1.   

RBI should reconsider provisions of master circular on export of goods and services

The Reserve Bank of India ( RBI) needs to revisit certain provisions in its Master Circular on Export of Goods and Services, so as to make them more exporter-friendly. The provision relating to opening warehouses abroad says that banks may consider the applications received from exporters and grant permission for opening/hiring warehouses abroad provided the applicant’s export outstanding does not exceed five per cent of exports made during the previous financial year.

2.   

Tiruchi airport to get cold storage facility by March

A five-tonne capacity cold storage facility for storing perishables would be set up at the Air Cargo Complex at Tiruchi Airport by end of March. The cold storage is being established with the support of Agricultural and Processed Food Products Export Development Authority (APEDA). The facility would come up at the airport as soon as necessary clearances were issued by the Airports Authority of India, said S.Dharmaraj, Airport Director, Tiruchi.

3.   

India, Iran finalise rupee as trade currency

The Indian rupee has been made the official currency for trading between India and Iran. It has also been decided that UCO Bank will be the official bank for transactions. Following this conclusion after a long debate, Pharmaceutical Export Promotion Council of India (Pharmexcil) is organising a business delegation trip to Tehran from December 17-19, 2012 in order to boost pharma exports between the two countries.

4.   

Bridging gaps: India and Bolivia trade relations can put both in a win-win situation

India and Bolivia can have a lot to offer to each other and CADEX (Chamber of Exporters of Santa Cruz ) is trying its bit to understand the dynamics of this relationship.CADEX’s main objective, as that country's only industry chamber, is to promote Bolivian export offer. They work to diversify their exports, exporting new products and conquering new markets.